$PDD had a magnificent run from $39 to $85 which is back into the upper part of the monthly channel. I took a short at $82.74. Looking for a test of $63 again. I think it's exhausted.
This is a short swing trade technical chart setup that looks like a pull back to potentially $65. Note: This is not financial advice. If you like this idea and want more, follow me.
The PEAD projected a Bullish outlook for $PDD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
EL is a break of the V on the other side similar to a Cup and Handle Breakout. The V bottom is not rounded at the bottom like a cup is though. Short interest is around 4.45%. Gap under price. No recommendation. Don't be a hero (o: Spinning tops. Possible pull back.
My earlier bullish outlook on this stock has now become more neutral. The dashed yellow line connects closing prices while the solid yellow line connects lows. Based on RSI and stochastic right now, price could move either way, but the 20sma is crossing down below 200 and RSI is under 50. For the time being I lean bearish and watching 30/60m timeframe for a...
PDD after bottoming after a H&S at the top, createa another inverse H&S & HAS SINCE REACHED THE COMMON NECKLINE AROUND 70, which I think is the market”s FAIR PRICE. Let us wait which direction this will lead to but I AM BIASED LONG. TP is 119 for H&S pattern measured move. Not trading advice
Can this #chinese listed stock climb? #pdd displaying an inverted head & shoulders Neckline 72.00 Overhead Objective 120
$PDD not in a confirmed stage 2 uptrend. But looks as good as it can get. Volume pattern is excellent.
From Dec. you can see a bottoming formation on the daily chart, and price is back above the yellow line now. 20sma is sloped upward while price has taken a breather and brought RSI down to retest 50. RSI closed below 50 on 21Sep. If today it is back at/over 50 after market close, then today's candle is a signal for another leg up. In order for this RSI 50-test to...
$PDD - Consumer Cyclical | Internet Retail | China not a fan of trading china companies but the setup with its high ADR% and RS looks ripped for a BO to 52-weeks high
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 9.94✨ It means if you risk here 100$ you may make 994$ Not bad, huh?
The PEAD projected a Bullish outlook for $PDD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's...
Earnings 8-29 BMO. Channel up. Possible stop below C or where you see support. Long entry is a clear break above the BC trendline. No recommendation. EPS (FWD) 1.98 PE (FWD) 26.92 Short Interest 2.96% Market Cap $67.28B Announce Date 08/29/2022 (Pre-Market) EPS Normalized Estimate $0.42/Last quarter .44/beat EPS GAAP Estimate $0.31/Last quarter...
Bounce back to supply Zone, Zone Confirmation Trendline break Earning: 8/25/2022 Est. 0.42 Short 62.5 Stop 73 Target 50, 35 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
1. Golden Cross 50/200 2. Watch out volume 3. GAPs to close
Am extremely selective in picking stocks and $PDD can be a potential mover. $88 is next target. If the stock rollovers to $47, I will be out.
PDD has completed a large H&S pattern on this daily timeframe 0.382 has now became an area of support, previously being seen as a point of resistance